Djingov Gouginski Kyutchukov & Velichkov, working with Buchanan Ingersoll & Rooney, has advised Bulgaria's M2M Services on its acquisition of the Uplink-branded residential and commercial security and fire alarm business line from Sierra Wireless. Canada's Blake Cassels & Graydon reportedly advised the seller.
Residence Control EOOD, operating under the M2M Services name, is a Bulgarian-based technology company operating in over 40 countries.
"The acquisition marks the increasing strength of the Bulgarian internet-of-things business and represents a significant achievement for Residence Control on the North American market," DGKV reported. "The acquisition aims to provide the M2M Services Group a strong foundation of internet-of-things-based alarm and fire monitoring solutions, brand, customers, partners, and an expert management team to establish themselves in the North American region."
Sierra Wireless delivers device, software, and service solutions and operates research and development centers in North America, Europe, and Asia.
The DGKV team was led by Partner Georgi Tzvetkov.